BidaskClub Upgrades Superior Uniform Group, Inc. (SGC) to “Hold”
BidaskClub upgraded shares of Superior Uniform Group, Inc. (NASDAQ:SGC) from a sell rating to a hold rating in a report released on Wednesday.
A number of other research firms also recently commented on SGC. Barrington Research increased their price objective on shares of Superior Uniform Group from $22.00 to $26.00 and gave the company an outperform rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Superior Uniform Group from a hold rating to a buy rating and set a $25.00 price objective on the stock in a research note on Wednesday, August 2nd.
Superior Uniform Group (NASDAQ:SGC) traded up 1.59% during trading on Wednesday, hitting $22.35. 12,169 shares of the company were exchanged. The company has a 50-day moving average of $22.07 and a 200-day moving average of $19.48. Superior Uniform Group has a 12 month low of $15.79 and a 12 month high of $23.33. The company has a market capitalization of $330.15 million, a price-to-earnings ratio of 19.62 and a beta of -0.03.
Superior Uniform Group (NASDAQ:SGC) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. Superior Uniform Group had a net margin of 6.63% and a return on equity of 14.74%. The firm had revenue of $65.60 million for the quarter, compared to the consensus estimate of $66.31 million. Analysts forecast that Superior Uniform Group will post $1.17 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 16th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.70%. This is a boost from Superior Uniform Group’s previous quarterly dividend of $0.09. The ex-dividend date is Monday, August 14th. Superior Uniform Group’s dividend payout ratio is 33.33%.
Hedge funds have recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of Superior Uniform Group during the second quarter worth $141,000. New York State Common Retirement Fund boosted its stake in shares of Superior Uniform Group by 50.0% in the second quarter. New York State Common Retirement Fund now owns 10,200 shares of the textile maker’s stock worth $228,000 after buying an additional 3,399 shares during the period. Teachers Advisors LLC boosted its stake in shares of Superior Uniform Group by 7.0% in the second quarter. Teachers Advisors LLC now owns 14,103 shares of the textile maker’s stock worth $315,000 after buying an additional 920 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Superior Uniform Group during the second quarter worth $342,000. Finally, TIAA CREF Investment Management LLC boosted its stake in shares of Superior Uniform Group by 1.5% in the second quarter. TIAA CREF Investment Management LLC now owns 21,539 shares of the textile maker’s stock worth $481,000 after buying an additional 316 shares during the period. 39.04% of the stock is currently owned by institutional investors.
About Superior Uniform Group
Superior Uniform Group, Inc (Superior) manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for the medical and health fields, as well as for the industrial, commercial, leisure and public safety markets. Superior operates through two segments: Uniforms and Related Products, and Remote Staffing Solutions.
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